BJ's on the block
GDA Staff -- Gifts & Dec, February 3, 2011
Westborough, Mass. - BJ's Wholesale has put itself up for sale, signing with Morgan Stanley & Co. as an advisor to explore strategic alternatives.
The company said it has set no timetable and does not plan to provide updates.
According to Bloomberg, BJ's has received an offer from private equity firm Leonard Green & Partners. An affiliate of the firm recently acquired Jo-Ann Stores. Neiman Marcus, The Container Store and Petco are some of the other retail holdings in its portfolio.
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